Tokenisation, stablecoins and the future of money – upgrading the two‑tier system
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Tokenisation, stablecoins and the future of money – upgrading the two‑tier system

Gaston Gelos explains how digital innovation – from tokenisation to stablecoins – can upgrade the two-tier monetary system while safeguarding trust in money. Read more: https://bis.org/publ/arpdf/ar2026e3.htm